Myopia Treatment Market to Reach $32.98 Billion by the End of 2029
Data Bridge Market research has a newly released expansive study titled “Global Myopia Treatment Market ” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.
Growing cases of vision loss mainly because of myopia and increasing occurrence of distance vision impairment due to uncorrected myopia are some of the major factors expected to increase the overall market growth. Most of the players are also engaged in R&D activities, to develop medications for treating myopia treatment. Increasing use of digital channels as a means of vision is the primary cause for the myopia treatment market. Nearsightedness generally develops during childhood and adolescence, and it typically becomes more stable between the age group of 20 and 40 years. Myopia tends to run in families.
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Data Bridge Market Research analyses a growth rate in the global myopia treatment market in the forecast period 2023-2030. The expected CAGR of global myopia treatment market is tend to be around 8% in the mentioned forecast period. The market was valued at USD 17.82 billion in 2022, and it would grow upto USD 32.98 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Myopia treatment Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 – 2020) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Market Definition
Myopia, is also known as near-sightedness, is a type of eye condition wherein the eye fails to correctly refract light to a single focus on the retina. It has been observed that near objects are blurred because of this, objects in the distance are fuzzy. This can occur either due to the eyeball’s size, which might be too long, or the cornea is shaped abnormally. In this regard, Texas Eye Surgeons, Plano’s leading family of ophthalmologists, specializes in treating the large variety of eye-related disorders.
Opportunities
- Rising Incidence of Myopia
Myopia is quite frequent during childhood, with a high prevalence of myopia, 80% to 90%, in young adults in East Asia. According to a study in the Investigative Ophthalmology and Visual Science journal, 2019, more than 32 % of the world’s population has myopia, or nearsightedness,. The study forecasts that by 2050, almost 60 % of the global population will have some level of myopia, mainly in highly developed countries.
- Presence of Key Market Players Focusing on Myopia Treatment
The presence of top marke players such as Carl Zeiss, Visioneering Technologies, Inc., and Alcon in Europe region is projected to boost the growth of the myopia treatment market, as these players are endlessly focusing on product development and launches. For instance, in February 2019, Visioneering Technologies, Inc. launched NaturalVue Brand Contact Lenses for myopia progression control & presbyopia in the U.K.
Key players operating in the global myopia treatment market include:
- HAAG-STREIT GROUP (U.K.)
- Topcon (Japan)
- NIDEK CO., LTD (Japan)
- EssilorLuxottica (France)
- The Cooper Companies Inc. (U.S.)
- Bausch Health Companies Inc. (Canada)
- Alcon (U.S.)
- ZEISS international (Germany)
- NIDEK CO., LTD (Japan)
- Ziemer Ophthalmic Systems (U.S.)
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@ https://www.databridgemarketresearch.com/reports/global-myopia-treatment-market?Shri
Myopia Treatment Market
Type
- Simple Myopia
- High Myopia
- Pathological Myopia
Treatment
- Eyeglasses
- Contact Lenses
- Refractive Surgery
- LASIK
- PRK
- Ortho-K
Route of Administration
- Oral
- Parenteral
- Others
End User
- Hospital/Clinical Laboratories
- Physician Offices
- Reference Laboratories
- Others
Distribution Channel
- Direct Tender
- Retail Sales
- Other
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Browse Detailed Summary of Research Report with TOC:
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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